Consider GRENLEC Power Co. which has the following information about its capital structures:

Debt - 4,500 issues 6 percent coupon bonds outstanding, $1,000 par value, 7 years to maturity, selling for 93 percent of par, the bonds make semiannual payments

Common Stock - 150,000 shares outstanding, selling for $35 per share; the beta is 1.10

Preferred Stock - 80,000 shares of 6 percent preferred stock outstanding, currently selling for $95 per share

Market Information - 6 percent market risk premium and 4 percent risk-free rate.

Required: Calculate to the following if the company has a tax rate of 36 percent.

i. Total Market Value for the Firm $ Answer

ii. After-tax cost of Debt Answer %

iii. Cost of Equity Answer %

iv. Cost of Preferred Stock Answer %

v. Weighted Average Cost of Capital Answer %